Block Energy PLC (AIM:BLOE, FRA:BE9) chair Philip Dimmock said the board is looking forward to getting back to focusing on operations as an activist revolt was voted down at a shareholder’s general meeting.
The activist requisitioned GM called for an independent forensic investigation into the affairs of the company and 93.7% of the votes cast were against the resolution.
"With this second requisitioned general meeting now behind us, the board is looking forward to getting back to focusing on operations and increasing the value of the business.
“Drilling operations on WR-B1 continue. The well has reached total depth.
“Further updates will be provided after the well is completed and initial well test results become available. In the meantime, we would like to thank shareholders for their support".